News

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Wed, 03 Jan 2018 20:01:28 GMT

Fed policymakers see inflation guiding rate hikes this year

The US Federal Reserve's minutes showed on Wednesday that policymakers were concerned about low inflation, as interest rate hikes would not be justified without an upswing.

Wed, 03 Jan 2018 19:59:29 GMT

FAFT: Mexico fails to prosecute money laundering

According to a report by the Financial Action Task Force, Mexico failed to prosecute money laundering due to the use of reactive investigation approach and corruption.

Wed, 03 Jan 2018 18:51:18 GMT

Macron calls for stronger media legislation

The French President Emmanuel Macron said on Wednesday that the country needed stronger legislation on social media platforms to fight against ‘fake news'.

Wed, 03 Jan 2018 18:51:06 GMT

ICI: US fund investors favour bonds, global stocks in 2017

US fund investors favoured bonds and global stocks over domestic equities in 2017, as shown by the latest Investment Company Institute data.

Wed, 03 Jan 2018 17:54:44 GMT

Automakers report lower December sales in US

Data reported by major auto manufacturers showed on Wednesday a decrease in December sales in the US as a result of higher interest rates and consumer uncertainty.

Wed, 03 Jan 2018 17:53:04 GMT

Atlanta Fed: US Q4 growth forecast at 3.2%

The US economy is expected grow at 3.2% in Q4 of 2017 due to solid fundamental data, the GDPNow forecast model by the Federal Reserve of Atlanta showed on Wednesday.

Wed, 03 Jan 2018 17:09:12 GMT

ECB bond purchases hit two-year low

Corporate bond purchases by the European Central Bank fell to a two-year low of €50.2B in December, data showed this Wednesday.

Wed, 03 Jan 2018 16:59:51 GMT

Bond yields in Euro zone fall as MiFID II takes effect

Borrowing costs in the Euro zone declined by several basis points, as the revised version of the Markets in Financial Instruments Directive took effect on Wednesday.

Wed, 03 Jan 2018 15:56:56 GMT

Apple acquires Buddybuild

Apple has purchased a Vancouver-based software development tools maker Buddybuild, a company blog reported; however, no sale terms have been yet disclosed.

Wed, 03 Jan 2018 15:55:41 GMT

December ISM Manufacturing PMI tops expectations

The report released by the Institute for Supply Management on Wednesday showed that the Manufacturing PMI rose to 59.7, topping analysts' expectations for a 58.1-point reading.

Wed, 03 Jan 2018 14:59:26 GMT

More than 50% of new Norway vehicle sales hybrid or electric

Sales of hybrid or electric cars surpassed half of newly registered vehicles in Norway over the course of 2017, a record supported subsidies fuelling the country's shift from fossil fuel engine.

Wed, 03 Jan 2018 14:58:07 GMT

Baidu to use Blackberry's software in self-driving platform

BlackBerry stated that it would collaborate with China's internet search engine Baidu to enter the rapidly-growing autonomous car market, providing the company's software.

Wed, 03 Jan 2018 14:16:51 GMT

AlgoSec raises $36M from Claridge Israel

Network security business AlgoSec stated that it raised $36M from investment company Clarige Israel to support it expand globally.

Wed, 03 Jan 2018 14:15:54 GMT

RBS sells assets form Lombard for $203M

The Royal Bank of Scotland sold asset financing group Lombard's offshore assets to specialist lenders Shawbrook Bank and Investec for $203.4M.

Wed, 03 Jan 2018 13:00:06 GMT

Stocks smash records

On Wednesday the world stock markets hit new records, as early 2018 forecasts suggested that the world economy will continue to grow.

Wed, 03 Jan 2018 12:59:22 GMT

Dominion to buy Scana

On Wednesday Dominion Energy announced that the company will buy Scana Corp in a $7.9 billion deal.

Wed, 03 Jan 2018 12:31:44 GMT

Israeli high-tech acquisitions, IPOs reach $23B in 2017

The value of Israeli exits, including IPOs, M&As and buyouts, soared to $23B in 2017, compared to $10B year-on-year, boosted primarily by the $15.3B purchase of Mobileye.

Wed, 03 Jan 2018 12:24:02 GMT

Oil remains steady on Wednesday

Oil prices remained steady on Wednesday, as high output from the US and Russia balanced the recent tensions in Iran.  

Wed, 03 Jan 2018 11:15:03 GMT

Germany's unemployment reaches record low

The German unemployment rate fell to a record low of 5.5% in December, resulting from broad-based economic growth that is expected to continue this year.

Wed, 03 Jan 2018 11:12:22 GMT

India, Israel to strengthen cooperation in oil and gas sector

India and Israel has agreed to strengthen cooperation in the oil and gas sector by facilitating investment promotion, conducting joint studies and transferring technology and R&D.

Wed, 03 Jan 2018 10:07:19 GMT

Petroleo Brasileiro to pay $2.95B over corruption scandal

Brazil's Petroleo Brasileiro SA has agreed to compensate $2.95B to investors who lost money due to its corruption scandal.

Wed, 03 Jan 2018 10:03:28 GMT

UK's construction PMI slows down in December

The latest IHS Markit/CIPS survey showed that the UK's construction sector slowed down to 52.2 in December due to stagnating in-house building and infrastructure work.

Wed, 03 Jan 2018 09:16:24 GMT

China asks for US honesty

Chinese officials on Wednesday expressed that Chinese firms can be provided with a "level playing field" compared to the US enterprises.

Wed, 03 Jan 2018 09:15:53 GMT

North Korea reopens communication with South Korea

The North Korean officials have reopened a border hotline with south asking for negotiations. Most speculate that the North will ask for a participation in the upcoming Olympics in the south.

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